Analysts Set The Walt Disney Company (NYSE:DIS) Target Price at $134.41

Shares of The Walt Disney Company (NYSE:DIS) have received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $134.4118.

DIS has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of Walt Disney from $159.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Monday. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Jefferies Financial Group lowered their price objective on Walt Disney from $144.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, November 14th.

Walt Disney Stock Performance

Walt Disney stock opened at $104.97 on Wednesday. Walt Disney has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $187.40 billion, a P/E ratio of 15.30, a PEG ratio of 1.48 and a beta of 1.49. The stock’s 50 day moving average is $110.11 and its 200 day moving average is $114.82.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.37% and a net margin of 13.14%.The business had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $22.78 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Walt Disney will post 5.47 earnings per share for the current fiscal year.

Walt Disney Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.75 per share. This represents a dividend yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Walt Disney’s dividend payout ratio is presently 14.58%.

Institutional Trading of Walt Disney

A number of institutional investors have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the second quarter worth approximately $4,220,599,000. Norges Bank bought a new position in shares of Walt Disney during the 2nd quarter valued at $2,618,295,000. Nuveen LLC purchased a new position in shares of Walt Disney in the 1st quarter worth $1,353,607,000. Viking Global Investors LP purchased a new position in shares of Walt Disney in the 2nd quarter worth $725,219,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Walt Disney by 231.4% in the third quarter. Assenagon Asset Management S.A. now owns 4,711,353 shares of the entertainment giant’s stock worth $539,450,000 after acquiring an additional 3,289,707 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.